By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. Chief Exe[...]
Read moreMay 1, 2024
Bombardier reveals NetJets as buyer of 12 Challenger business jets
(Reuters) -Canada’s Bombardier said on Wednesday NetJets was the customer for the order of 12 Challenger 3500 business jets announced in December. At list prices, the order was valued at $326.4[...]
Read moreNYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
By Niket Nishant and Manya Saini (Reuters) – Traders shorting New York Community Bancorp’s stock were sitting on more than $42 million of losses on Wednesday after the lender’s bette[...]
Read moreCanada’s Cenovus Energy beats profit estimate on production boost
By Nia Williams (Reuters) – Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the[...]
Read moreKFC parent Yum reports surprise drop in global same-store sales on weak demand
By Juveria Tabassum (Reuters) -Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in th[...]
Read moreUS prosecutors examining financial transactions at Block, NBC News reports
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors[...]
Read moreUS job openings at 3-year low as demand for labor eases
By Lucia Mutikani WASHINGTON(Reuters) – U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that[...]
Read moreAmgen investors await weight-loss drug data
By Deena Beasley (Reuters) -Amgen investors eyeing dramatic share price gains for rivals with successful obesity drugs will be focused on any updates the biotech company may provide on its own weight-[...]
Read moreCVS cuts annual profit forecast and flags challenges in 2025, shares fall 18%
By Leroy Leo and Christy Santhosh (Reuters) -CVS Health Corp slashed its annual profit forecast on Wednesday and flagged challenges for next year’s health insurance plans for older adults, and i[...]
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